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- In the Figure Above, the Shift from the Short-Run Phillips

Question 64

Multiple Choice

  - In the figure above, the shift from the short-run Phillips curve SRPC0 and the long-run Phillips curve LRPC0 to the short-run Phillips curve SRPC2 and the long-run Phillips curve LRPC2 is the result of <sub>--------------------</sub>in the expected inflation rate and in<sub>--------------------</sub> the natural unemployment rate. A) an increase; no change B) a decrease; an increase C) no change; a decrease D) a decrease; a decrease E) an increase; an increase
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In the figure above, the shift from the short-run Phillips curve SRPC0 and the long-run Phillips curve LRPC0 to the short-run Phillips curve SRPC2 and the long-run Phillips curve LRPC2 is the result of --------------------in the expected inflation rate and in-------------------- the natural unemployment rate.


A) an increase; no change
B) a decrease; an increase
C) no change; a decrease
D) a decrease; a decrease
E) an increase; an increase

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